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MetLife News – 2016

Jan 12th, 2016

MetLife announces the separation of it’s USA Life Insurance unit. Amongst “Structural Alternatives,” under consideration is a public offering of shares as an Independent company, a spin-off or a sale. This spin-off represents 20% of MetLife’s operating earnings.

 

Feb 29th, 2016

MassMutual agrees to buy MetLife Retail Advisor network for $300 million. MetLife’s retail distribution operation of 40 local sales offices and 4000 advisors across the country will be acquired by MassMutual.

 

April 20th, 2016

MetLife is leaving the Disability Insurance Business. All US Retail Disability Insurance sales, of Individual Disability Insurance, will be suspended effective September 1st, 2016. This is a strategic decision to facilitate the separation of US Retail business.

 

Please feel free to contact us to discuss how this affects you.

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